Skip to main content

Money: Jollibee to Buy Mang Inasal!

"The Jolly Bee is eating Mang Inasal chicken!"

Tony Tan Caktiong owned Jollibee Foods Corporation, the largest fast food chain in the Philippines announced the acquisition of the seven-year old fast food chain Mang Inasal! According to the disclosure, Jollibee will be buying 70% of the shares of Mang Inasal for a sum of 3 Billion pesos.

Mang Insasal, a relatively start up fast food chain has seen a rapid growth in the recent years. Since it started in 2003, Mang Inasal already boasts a total of 303 stores around the country, most of which are franchises. Recent financial reports shows that the young company is already earning a revenue totaling to 3.8 Billion pesos.

Mang Inasal has been known for its delicious roasted chicken and "unlimited rice". They also sell products that are relatively cheaper compared to other established fast food chain. These and other key marketing strategies seems to have boosted the company's growth.

Jollibee on the other hand has been well established with 1,578 stores in the country and 375 abroad.

Jollibee mascotImage via Wikipedia
A meal which I ordered for myself.Image via Wikipedia
Public Reactions

The acquisition brought mixed reactions from the public. Some comments were concerned about the policy merge. Some are worried that the popular "unlimited rice" might be removed. Some, however,  praised Jollibee for their move. Others commented that this merger will bring Mang Inasal in the table of OFWs abroad.

How about you? What is your reaction?
Enhanced by Zemanta

Comments

  1. Well the jollibee's inasal joint didnt garner enough success so i think this is a good move to just buy a established one.

    ReplyDelete

Post a Comment

Popular posts from this blog

4 Steps to Replace Stolen or Lost Passbook

My passbook (inside my bag) was recently stolen inside a local grocery store, and I would like to share the steps I took to secure my account and get a new passbook.      By User:Aerous ", CC BY-SA 3.0 , Link The steps outlined here are for a BPI savings account, but generally, the procedure will be very similar to other banks in the Philippines. 1. Call the Bank to Secure Your Account The first and most crucial step you need to do immediately is to contact your bank by phone or personally report it to the branch where you opened the account. This action will ensure that funds will stay put. The bank will lock the account immediately. The big banks have 24/7 hotlines. For BPI, it's 889-100. You have to do this step ASAP after discovering the loss. 2. Go to the Branch to Ask for a Replacement of the Passbook It can mean a simple replacement of the lost passbook, but it can also mean closing the entire account and opening a new one for security purposes. 3. Get an Affidav

Resigning? SSS Will Deduct Your Loan Balance from Your Last Pay

The purpose of this article is to inform the public about this policy of the Social Security System (SSS), the government-owned insurance company for those employed in the private sector. I just learned about this a few months ago when my company announced a workforce reduction program. Among the sad discussions is about this policy of SSS regarding loans in cases of resignation or retrenchment. Section G-2 of the SSS Loan Terms and Conditions (at the back of the loan application form) explicitly says the following: "The employer shall deduct the total balance of the loan from any benefit/s due to the employee and shall remit the same in full to SSS, in case the member-borrower is separated voluntarily (e.g., retirement or resignation) or involuntarily (e.g., termination of employment or cessation of operations of the company)." In other words, y ou will be required to pay the rest of your loan (including the interest) when you change employer or employment statu

How Much Does a MRI Scan Costs in the Philippines?

My dad needs a Magnetic Resonance Imaging (MRI) scan for his prostate problem. I did a little research on how much does it cost to have one. Well, it depends on many factors, such as which body part is to be scanned. There's also this technique called "MRI with contrast," wherein the patient will be injected with a chemical to make the scan clearer. For your information, this technique of adding contrast is known as  Gadolinium Contrast Medium . It adds cost to the procedure, but with more clarity, the more you can trust the diagnosis. MRI Machine KasugaHuang , CC BY-SA 3.0 , Link So, in my father's case, we had a  Prostate MRI,  and I assume it was without contrast since he was never injected with the "contrast" chemicals. We got it in  i-Scan Healthcare Inc.  here in Quezon City. The cost is  13000 Pesos . Please take note that the amount was just for the scan, and a separate professional will read the result. Some laboratories offer this service (i.e